Waddell & Associates, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 11, 2026), Waddell & Associates, LLC reported 449 stock positions worth $1.8 billion. Its top holding was FedEx (FDX) at 28.2% of the portfolio, followed by Global X US Infrastructure (PAVE, 5.6%) and Pacer Global Cash Cows Divid (GCOW, 5.4%). Compared with Q4 2025, it opened 111 new positions, sold out of 41, added to 217 and reduced 84. The biggest buy was a new position in Pacer Global Cash Cows Divid (GCOW) and the biggest sale Doubleline Shiller Cape US (CAPE, shares −84%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001776757
- Portfolio Value
- $1.8B (Q1 2026)
- SEC Filing
- 0001765380-26-000203 ↗ filed May 11, 2026
Holdings Value
Holdings 449 stocks · $1.8B
| FDX FedEx Corp. | 28.18% | 1,402,188 | $499.4M | Add +18.0% |
| PAVE Global X US Infrastructure | 5.64% | 1,968,466 | $100.0M | Add +2.7% |
| GCOW Pacer Global Cash Cows Divid | 5.40% | 2,068,689 | $95.7M | New |
| MDY State Street SPDR S&P Midcap | 5.35% | 153,603 | $94.7M | Add +2.2% |
| FNDA Schwab Fndmntl US SM Co. ETF | 5.28% | 2,887,094 | $93.6M | Add +2.2% |
| DGRW Wisdomtree U.S. Quality Divi | 5.09% | 1,026,457 | $90.2M | Add +3.6% |
| AUSF Global X Adaptive US Factor | 4.60% | 1,684,709 | $81.5M | Add +5.8% |
| SCHK Schwab 1000 Index ETF | 3.78% | 2,141,052 | $67.1M | Add +3.4% |
| IEFA iShares Core MSCI Eafe ETF | 3.31% | 647,416 | $58.6M | Add +4.0% |
| QQQM Invesco Nasdaq 100 ETF | 2.70% | 201,639 | $47.9M | Add +2.3% |
| AVEM Avantis Emerging Markets Eq | 2.59% | 570,400 | $46.0M | Add +2.8% |
| QQQE Dirx Nasdaq-100EQ Wi ETF-Usd | 2.38% | 428,472 | $42.2M | Add +3.9% |
| AGEM Abrdn Emerg MRKT DVD Act | 2.14% | 933,510 | $37.9M | New |
| AAPL Apple Inc. | 0.94% | 65,508 | $16.6M | Add +5.6% |
| NVDA Nvidia Corp. | 0.66% | 67,417 | $11.8M | Add +22.2% |
| MSFT Microsoft Corp. | 0.59% | 28,014 | $10.4M | Add +45.2% |
| CAPE Doubleline Shiller Cape US | 0.58% | 333,950 | $10.3M | Reduce -84.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.51% | 13,922 | $9.1M | Add +0.0% |
| DBND Doubleline Oppor Cor BND-Usd | 0.42% | 162,154 | $7.4M | Reduce -1.5% |
| PSLV Sprott Physical Silver Trust | 0.40% | 289,832 | $7.1M | Reduce -13.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 14,621 | $7.0M | Add +0.1% |
| WMT Walmart Inc. | 0.38% | 54,723 | $6.8M | Add +1.0% |
| GOOG Alphabet Inc. Class C | 0.37% | 23,055 | $6.6M | Add +12.5% |
| CGV Conductor Global Eq Val ETF | 0.35% | 399,534 | $6.2M | Reduce -1.2% |
| VLUE iShares MSCI USA Value Facto | 0.34% | 42,511 | $6.0M | Add +2.0% |
| LLY Eli Lilly & Co. | 0.28% | 5,451 | $5.0M | Reduce -3.5% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.25% | 22,497 | $4.4M | Reduce -1.9% |
| EFA iShares MSCI Eafe ETF | 0.24% | 44,449 | $4.3M | Reduce -0.6% |
| JPM JPMorgan Chase & Co. | 0.23% | 13,901 | $4.1M | Add +8.2% |
| GOOGL Alphabet Inc. Class A | 0.23% | 13,952 | $4.0M | Add +21.6% |
| XOM Exxon Mobil Corp. | 0.21% | 22,188 | $3.8M | Add +14.5% |
| EWX State Street SPDR S&P Emergi | 0.20% | 53,583 | $3.5M | Reduce -91.7% |
| ACWI iShares MSCI Acwi ETF | 0.20% | 25,247 | $3.5M | No change |
| AMZN Amazon.com Inc. | 0.19% | 16,324 | $3.4M | Add +15.8% |
| VOO Vanguard S&P 500 ETF | 0.19% | 5,662 | $3.4M | Reduce -0.1% |
| VXUS Vanguard Total Intl Stock | 0.19% | 43,618 | $3.4M | Reduce -0.1% |
| AVGO Broadcom Inc. | 0.17% | 9,702 | $3.0M | Add +67.9% |
| AZO AutoZone Inc. | 0.15% | 806 | $2.7M | Add +7.5% |
| JNJ Johnson & Johnson | 0.15% | 11,011 | $2.7M | Add +5.1% |
| MU Micron Technology Inc. | 0.14% | 7,603 | $2.6M | Add +31.1% |
| MRK Merck & Co. Inc. | 0.14% | 20,932 | $2.5M | Add +3.6% |
| META Meta Platforms Inc. Class A | 0.14% | 4,336 | $2.5M | Add +21.6% |
| PG The Procter & Gamble Co. | 0.14% | 16,914 | $2.4M | Add +46.0% |
| IYW iShares Ustechnology ETF | 0.14% | 13,316 | $2.4M | Add +1.7% |
| BMY Bristol-Myers Squibb Co. | 0.14% | 39,703 | $2.4M | Add +66.9% |
| RCAT Red Cat Holdings Inc. | 0.13% | 181,560 | $2.4M | Add +3.9% |
| GE General Electric filed as GE AEROSPACE | 0.13% | 8,252 | $2.3M | Add +47.0% |
| GEV GE Vernova Inc. | 0.13% | 2,630 | $2.3M | Add +39.1% |
| FIX Comfort Systems USA Inc. | 0.13% | 1,637 | $2.3M | Add +43.1% |
| NEM Newmont Corp. | 0.12% | 19,997 | $2.2M | Add +22.9% |
| HD Home Depot Inc. | 0.12% | 6,568 | $2.2M | Add +0.5% |
| PCG P G & E Corp. | 0.11% | 115,010 | $2.0M | Add +73.8% |
| EIX Edison International | 0.11% | 26,195 | $1.9M | Add +34.5% |
| TSLA Tesla Inc. | 0.11% | 5,066 | $1.9M | Add +5.7% |
| VRT Vertiv Holdings Co. Class A | 0.11% | 7,502 | $1.9M | Add +29.9% |
| VT Vanguard Tot World STK ETF | 0.10% | 13,183 | $1.8M | No change |
| PHYS Sprott Physical Gold Trust | 0.10% | 50,442 | $1.8M | Reduce -1.5% |
| CVX Chevron Corp. | 0.10% | 8,601 | $1.8M | Add +21.1% |
| DFAE Dimensional Emerging Core Eq | 0.10% | 51,358 | $1.7M | Reduce -0.8% |
| SPMD SS SPDR P S&P 400 Midcap ETF | 0.10% | 29,107 | $1.7M | Add +45.5% |
| COHR Coherent Corp. | 0.10% | 7,175 | $1.7M | Add +0.1% |
| QQQ Invesco QQQ Trust Series 1 | 0.09% | 2,915 | $1.7M | Add +0.0% |
| CEF Sprott Physical Gold and Sil | 0.09% | 34,897 | $1.7M | Reduce -0.7% |
| CB Chubb Ltd. | 0.09% | 5,102 | $1.7M | Add +2.5% |
| INTC Intel Corp. | 0.09% | 37,348 | $1.6M | Reduce -8.5% |
| NFLX Netflix Inc. | 0.09% | 16,382 | $1.6M | Add +10.8% |
| COST Costco Wholesale Corp. | 0.09% | 1,580 | $1.6M | Add +512.4% |
| ORCL Oracle Corp. | 0.09% | 10,689 | $1.6M | Add +6.4% |
| FTI Technipfmc PLC | 0.09% | 22,689 | $1.6M | Add +22.6% |
| ABNB Airbnb Inc. Class A | 0.09% | 12,241 | $1.5M | Add +69.2% |
| WTAI Wisdomtree AI and Innovation | 0.08% | 53,221 | $1.5M | No change |
| GD General Dynamics Corp. | 0.08% | 4,376 | $1.5M | Add +10.3% |
| CMI Cummins Inc. | 0.08% | 2,786 | $1.5M | Add +31.2% |
| BKNG Booking Holdings Inc. | 0.08% | 354 | $1.5M | Add +76.1% |
| DHR Danaher Corp. | 0.08% | 7,852 | $1.5M | Add +268.5% |
| AFL Aflac Inc. | 0.08% | 13,231 | $1.5M | Reduce -5.1% |
| JBHT Hunt (jb) Transprt SVCS Inc. | 0.08% | 6,837 | $1.4M | Add +29.2% |
| WDC Western Digital Corp. | 0.08% | 5,349 | $1.4M | Add +44.8% |
| ARTY iShares Future AI & Tech ETF | 0.08% | 30,735 | $1.4M | No change |
| LMT Lockheed Martin Corp. | 0.08% | 2,301 | $1.4M | Add +35.3% |
| PSX Phillips 66 | 0.08% | 7,579 | $1.4M | Add +42.6% |
| PEP Pepsico Inc. | 0.08% | 8,715 | $1.4M | Reduce -20.4% |
| REGN Regeneron Pharmaceuticals | 0.08% | 1,729 | $1.3M | Add +45.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.07% | 5,470 | $1.3M | Add +26.7% |
| CNC Centene Corp. | 0.07% | 40,250 | $1.3M | Add +24.9% |
| GM General Motors Co. | 0.07% | 17,342 | $1.3M | Add +61.5% |
| PNC PNC Financial Services Group | 0.07% | 6,140 | $1.3M | Add +45.7% |
| MRSH Marsh & McLennan Cos | 0.07% | 7,294 | $1.3M | Add +540.4% |
| CSCO Cisco Systems Inc. | 0.07% | 16,233 | $1.3M | Add +9.3% |
| RSP Invesco S&P 500 Equal Weight | 0.07% | 6,491 | $1.2M | Add +1.6% |
| TER Teradyne Inc. | 0.07% | 4,188 | $1.2M | Add +77.3% |
| FTNT Fortinet Inc. | 0.07% | 14,894 | $1.2M | Add +73.4% |
| AMAT Applied Materials Inc. | 0.07% | 3,546 | $1.2M | Add +2.6% |
| PLTR Palantir Technologies Inc. Class A | 0.07% | 8,223 | $1.2M | Add +56.2% |
| BA The Boeing Co. | 0.07% | 5,973 | $1.2M | Add +115.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.07% | 23,707 | $1.2M | Add +7.0% |
| CEFZ Rivernorth Active Income ETF | 0.07% | 147,035 | $1.2M | Add +2.5% |
| ANET Arista Networks Inc. | 0.07% | 9,387 | $1.2M | Add +13.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.06% | 7,194 | $1.1M | Add +41.0% |
| CRM Salesforce Inc. | 0.06% | 6,135 | $1.1M | Add +241.6% |
Options reported separately and not counted above: SPY puts ($130K), NOW calls ($105K).
Portfolio Sells Q4 2025 → Q1 2026
| CAPE Doubleline Shiller Cape US | Reduce -84.1% | 0.58% | −3.98 |
| EWX State Street SPDR S&P Emergi | Reduce -91.7% | 0.20% | −2.67 |
| IWF iShares Russell 1000 Growth | Reduce -75.8% | 0.04% | −0.18 |
| PSLV Sprott Physical Silver Trust | Reduce -13.6% | 0.40% | −0.14 |
| LLY Eli Lilly & Co. | Reduce -3.5% | 0.28% | −0.13 |
| DBND Doubleline Oppor Cor BND-Usd | Reduce -1.5% | 0.42% | −0.10 |
| TEAM Atlassian Corp. Class A | Reduce -26.4% | 0.02% | −0.07 |
| CGV Conductor Global Eq Val ETF | Reduce -1.2% | 0.35% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -0.1% | 0.19% | −0.05 |
| EXPE Expedia Group Inc. | Reduce -34.8% | 0.04% | −0.05 |
| VTV Vanguard Mrngstr Val ETF-Aui | Reduce -1.9% | 0.25% | −0.05 |
| EFA iShares MSCI Eafe ETF | Reduce -0.6% | 0.24% | −0.05 |
| ACN Accenture PLC Class A | Reduce -47.8% | 0.02% | −0.04 |
| WST West Pharmaceutical Services | Reduce -43.4% | 0.03% | −0.04 |
| COF Capital One Financial Corp. | Reduce -20.0% | 0.04% | −0.04 |
| EXAS Exact Sciences Corp. | Sold out | 0.00% | −0.04 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.03 |
| KDP Keurig Dr Pepper Inc. | Sold out | 0.00% | −0.03 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.03 |
| VXUS Vanguard Total Intl Stock | Reduce -0.1% | 0.19% | −0.03 |
| PANW Palo Alto Networks Inc. | Reduce -55.5% | 0.02% | −0.03 |
| AMT American Tower Corp. | Sold out | 0.00% | −0.03 |
| IQV Iqvia Holdings Inc. | Sold out | 0.00% | −0.03 |
| PEP Pepsico Inc. | Reduce -20.4% | 0.08% | −0.03 |
| JLL Jones Lang Lasalle Inc. | Sold out | 0.00% | −0.03 |
| LYFT LYFT Inc. Class A | Reduce -59.9% | 0.01% | −0.03 |
| PGR Progressive Corp. | Reduce -30.6% | 0.03% | −0.03 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.03 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.03 |
| PINS Pinterest Inc. Class A | Sold out | 0.00% | −0.03 |
| FDS Factset Research Systems Inc. | Sold out | 0.00% | −0.03 |
| VLTO Veralto Corp. | Sold out | 0.00% | −0.03 |
| STE Steris PLC | Reduce -52.2% | 0.01% | −0.02 |
| ROKU Roku Inc. | Sold out | 0.00% | −0.02 |
| ZM Zoom Communications Inc. | Reduce -28.9% | 0.03% | −0.02 |
| ADT Adt Inc. | Reduce -65.9% | 0.01% | −0.02 |
| FNF Fidelity National Financial | Sold out | 0.00% | −0.02 |
| MDT Medtronic PLC | Sold out | 0.00% | −0.02 |
| AFL Aflac Inc. | Reduce -5.1% | 0.08% | −0.02 |
| GDDY GoDaddy Inc. Class A | Sold out | 0.00% | −0.02 |
| SNV Synovus Financial Corp. | Sold out | 0.00% | −0.02 |
| TFX Teleflex Inc. | Sold out | 0.00% | −0.02 |
| MGM MGM Resorts International | Sold out | 0.00% | −0.02 |
| MA Mastercard Inc. Class A | Reduce -28.7% | 0.02% | −0.02 |
| RBLX Roblox Corp. Class A | Reduce -28.7% | 0.01% | −0.02 |
| QCOM Qualcomm Inc. | Reduce -30.6% | 0.01% | −0.02 |
| MORN Morningstar Inc. | Sold out | 0.00% | −0.02 |
| VRSN Verisign Inc. | Reduce -20.4% | 0.04% | −0.02 |
| POET Poet Technologies Inc. | Sold out | 0.00% | −0.02 |
| AMH American Homes 4 Rent- A | Sold out | 0.00% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| GCOW Pacer Global Cash Cows Divid | New | 5.40% | +5.40 |
| FDX FedEx Corp. | Add +18.0% | 28.18% | +5.02 |
| AGEM Abrdn Emerg MRKT DVD Act | New | 2.14% | +2.14 |
| COST Costco Wholesale Corp. | Add +512.4% | 0.09% | +0.07 |
| MRSH Marsh & McLennan Cos | Add +540.4% | 0.07% | +0.06 |
| FIX Comfort Systems USA Inc. | Add +43.1% | 0.13% | +0.06 |
| BLK BlackRock Inc. | New | 0.05% | +0.05 |
| XOM Exxon Mobil Corp. | Add +14.5% | 0.21% | +0.05 |
| HON Honeywell International Inc. | New | 0.05% | +0.05 |
| DHR Danaher Corp. | Add +268.5% | 0.08% | +0.05 |
| BURL Burlington Stores Inc. | New | 0.05% | +0.05 |
| BMY Bristol-Myers Squibb Co. | Add +66.9% | 0.14% | +0.05 |
| DOW Dow Inc. | New | 0.05% | +0.05 |
| EME Emcor Group Inc. | Add +253.6% | 0.06% | +0.05 |
| GEV GE Vernova Inc. | Add +39.1% | 0.13% | +0.05 |
| ITT Itt Inc. | New | 0.04% | +0.04 |
| GIS General Mills Inc. | New | 0.04% | +0.04 |
| VRT Vertiv Holdings Co. Class A | Add +29.9% | 0.11% | +0.04 |
| PCG P G & E Corp. | Add +73.8% | 0.11% | +0.04 |
| PNFP Pinnacle Financial Partners | New | 0.04% | +0.04 |
| RCAT Red Cat Holdings Inc. | Add +3.9% | 0.13% | +0.04 |
| DEM Wisdomtree Emerging Markets | New | 0.04% | +0.04 |
| BSX Boston Scientific Corp. | New | 0.04% | +0.04 |
| TER Teradyne Inc. | Add +77.3% | 0.07% | +0.04 |
| WDC Western Digital Corp. | Add +44.8% | 0.08% | +0.04 |
| ES Eversource Energy | New | 0.04% | +0.04 |
| IJR iShares Core S&P Small-Cap E | New | 0.04% | +0.04 |
| A Agilent Technologies Inc. | New | 0.04% | +0.04 |
| MHK Mohawk Industries Inc. | New | 0.04% | +0.04 |
| OXY Occidental Petroleum Corp. | New | 0.04% | +0.04 |
| LULU Lululemon Athletica Inc. | New | 0.04% | +0.04 |
| INTU Intuit Inc. | New | 0.04% | +0.04 |
| TMUS T-Mobile US Inc. | New | 0.04% | +0.04 |
| AVGO Broadcom Inc. | Add +67.9% | 0.17% | +0.03 |
| LIN Linde PLC | New | 0.03% | +0.03 |
| MU Micron Technology Inc. | Add +31.1% | 0.14% | +0.03 |
| NTNX Nutanix Inc. Class A | New | 0.03% | +0.03 |
| EXE Expand Energy Corp. | Add +217.7% | 0.05% | +0.03 |
| CI The Cigna Group | New | 0.03% | +0.03 |
| FTI Technipfmc PLC | Add +22.6% | 0.09% | +0.03 |
| CRM Salesforce Inc. | Add +241.6% | 0.06% | +0.03 |
| KMX Carmax Inc. | New | 0.03% | +0.03 |
| PSX Phillips 66 | Add +42.6% | 0.08% | +0.03 |
| SITE Siteone Landscape Supply Inc. | New | 0.03% | +0.03 |
| VIK Viking Holdings Ltd. | Add +182.9% | 0.05% | +0.03 |
| NYT New York Times Co. Class A | Add +138.6% | 0.05% | +0.03 |
| COO The Cooper Cos Inc. | New | 0.03% | +0.03 |
| UBER Uber Technologies Inc. | New | 0.03% | +0.03 |
| EIX Edison International | Add +34.5% | 0.11% | +0.03 |
| DAR Darling Ingredients Inc. | New | 0.03% | +0.03 |
Options Activity Q4 2025 → Q1 2026
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 543 | $2.0B | FDX, PAVE, FNDA, MDY, FDXF |
| Q1 2026 | 449 | $1.8B | FDX, PAVE, GCOW, MDY, FNDA |
| Q4 2025 | 379 | $1.5B | FDX, PAVE, MDY, FNDA, DGRW |
| Q3 2025 | 325 | $1.2B | FDX, PAVE, MDY, DGRW, FNDA |
| Q2 2025 | 243 | $936.8M | MDY, PAVE, DGRW, FNDA, AUSF |
| Q1 2025Amended | 159 | $823.6M | MDY, DGRW, FNDA, WELD, AUSF |
| Q4 2024Amended | 154 | $981.0M | RCAT, MDY, FNDA, DGRW, IOO |
| Q3 2024 | 150 | $822.1M | MDY, FNDA, DGRW, IOO, VSS |
| Q2 2024 | 138 | $760.0M | MDY, FNDA, DGRW, IOO, VSS |
| Q1 2024 | 140 | $739.8M | MDY, FNDA, DGRW, IOO, CAPE |